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CITY OF SOUTH BEND
<br />REQUIRED SUPPLEMENTARY INFORMATION
<br />SCHEDULES OF FUNDING PROGRESS
<br />Public Employees' Retirement Fund
<br />07 -01 -00 $ 27,569,258 $ 21,951,844 $ 5,617,414 125.59% $ 21,460,673 26%
<br />07 -01 -01 28,925,292 24,048,347 4,876,945 120% 22,063,109 22%
<br />07 -01 -02 27,343,275 27,648,817 (305,542) 99% 22,751,231 (1 %)
<br />1925 Police Officers' Pension Plan
<br />$ 1,205,205
<br />$ 82,300,775
<br />Excess
<br />1.46%
<br />$ 1,590,417
<br />(5,099 %)
<br />(Unfunded)
<br />833,900
<br />Actuarial
<br />Excess of
<br />AAL as a
<br />Actuarial
<br />Accrued
<br />Assets Over
<br />Percentage
<br />Actuarial Value of
<br />Liability
<br />(Unfunded)
<br />Funded Covered of Covered
<br />Valuation Assets
<br />(AAL)
<br />AAL
<br />Ratio Payroll Payroll
<br />Date (a)
<br />(b)
<br />(a -b)
<br />(alb) (c) ((a -b) /c)
<br />07 -01 -00 $ 27,569,258 $ 21,951,844 $ 5,617,414 125.59% $ 21,460,673 26%
<br />07 -01 -01 28,925,292 24,048,347 4,876,945 120% 22,063,109 22%
<br />07 -01 -02 27,343,275 27,648,817 (305,542) 99% 22,751,231 (1 %)
<br />1925 Police Officers' Pension Plan
<br />01 -01 -98
<br />$ 1,205,205
<br />$ 82,300,775
<br />Excess
<br />1.46%
<br />$ 1,590,417
<br />(5,099 %)
<br />(Unfunded)
<br />833,900
<br />Actuarial
<br />Excess of
<br />AAL as a
<br />Actuarial
<br />Accrued
<br />Assets Over
<br />Percentage
<br />Actuarial Value of
<br />Liability
<br />(Unfunded)
<br />Funded Covered of Covered
<br />Valuation Assets
<br />(AAL)
<br />AAL
<br />Ratio Payroll Payroll
<br />Date (a)
<br />(b)
<br />(a -b)
<br />(alb) (c) ((a -b) /c)
<br />01 -01 -98
<br />$ 1,205,205
<br />$ 82,300,775
<br />$ (81,095,570)
<br />1.46%
<br />$ 1,590,417
<br />(5,099 %)
<br />01 -01 -99
<br />833,900
<br />72,131,400
<br />(71,297,500)
<br />1.16%
<br />1,497,063
<br />(4,762 %)
<br />01 -01 -00
<br />499,407
<br />77,098,600
<br />(76,599,193)
<br />0.65%
<br />1,469,067
<br />(5,214 %)
<br />01 -01 -01
<br />375,258
<br />77,407,200
<br />(77,031,942)
<br />0.48%
<br />1,385,633
<br />(5,559 %)
<br />01 -01 -02
<br />3,060,517
<br />77,938,200
<br />(74,877,683)
<br />3.93%
<br />1,304,662
<br />(5,739 %)
<br />01 -01 -03
<br />2,497,147
<br />70,084,800
<br />(67,263,429)
<br />4.03%
<br />1,125,179
<br />(5,617 %)
<br />1937 Firefighters' Pension Plan
<br />01 -01 -97
<br />$ 1,262,113
<br />$ 78,938,487
<br />Excess
<br />1.60%
<br />$ 2,175,583
<br />(3,570 %)
<br />(Unfunded)
<br />949,387
<br />Actuarial
<br />Excess of
<br />AAL as a
<br />Actuarial
<br />Accrued
<br />Assets Over
<br />Percentage
<br />Actuarial Value of
<br />Liability
<br />(Unfunded)
<br />Funded Covered of Covered
<br />Valuation Assets
<br />(AAL)
<br />AAL
<br />Ratio Payroll Payroll
<br />Date (a)
<br />(b)
<br />(a -b)
<br />(a/b) (c) ((a -b) /c)
<br />01 -01 -97
<br />$ 1,262,113
<br />$ 78,938,487
<br />$ (77,676,374)
<br />1.60%
<br />$ 2,175,583
<br />(3,570 %)
<br />01 -01 -98
<br />949,387
<br />78,614,583
<br />(77,665,196)
<br />1.21%
<br />2,027,817
<br />(3,830 %)
<br />01 -01 -99
<br />912,070
<br />60,701,100
<br />(59,789,030)
<br />1.50%
<br />1,893,973
<br />(3,157 %)
<br />01 -01 -00
<br />1,150,438
<br />65,320,900
<br />(64,170,462)
<br />1.76%
<br />1,746,567
<br />(3,674 %)
<br />01 -01 -01
<br />923,076
<br />70,466,700
<br />(69,543,624)
<br />1.31%
<br />1,536,650
<br />(4,526 %)
<br />01 -01 -02
<br />2,821,371
<br />70,084,800
<br />(67,263,429)
<br />4.03%
<br />1,197,492
<br />(5,617 %)
<br />'Information not available.
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